Saturday 13 February 2016
 
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prices

Oil steadies, weak fundamentals weigh after volatile week

Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.   International benchmark Brent crude futures were two cents higher at $34.4

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UAE manufacturing 'will help withstand low oil prices'

The manufacturing sector is playing a key role in helping UAE's economy withstand the impact of low oil prices, as indicated by the strong growth achieved by the recently concluded SteelFab 2016 trade fair.  

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Family businesses forum to discuss falling oil prices

A seminar titled Family Businesses and Declining Oil Revenue Scenarios will be held today (February 1) at The K Hotel, Bahrain. Organised by the Bahrain Family Business Association (BFBA), the event will feature US-based Organised Change Consu

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Within Opec, Iran is a challenge to any deal on oil cuts

Iran, boosting oil exports after the lifting of sanctions, is talking of a need to recoup its market share, making the Opec member a challenge to any deal among producers to fix a supply glut, Opec sources said on Thursday.  

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Iran crude exports hit 2-year high, up more than 20pc

Iran's oil exports are set to rise more than a fifth in January and February from last year's daily average, data from a source with knowledge of its loading schedules shows, revealing how Tehran is ramping up sales after the lifting o

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Challenges facing regional firms in spotlight

Current opportunities and challenges facing the region’s companies, particularly while oil prices hover around $30 a barrel, were discussed during a reception organised by Al Tamimi & Company, the Middle East’s largest law firm

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Iraq seeks to link oil firms’ fees to crude price

Iraq is in talks with foreign oil companies to link the fees they receive for developing its fields to oil prices and have them share the burden when markets go down, Iraqi Oil Minister Adel Abdul Mahdi told Reuters on Thursday. &

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Alba tightens belt over falling aluminium prices

Aluminium Bahrain (Alba) is bracing for a tough year ahead with the price of aluminium at London Metal Exchange (LME) expected to stay low. The company’s chief executive Tim Murray told a town hall meeting of employees at the Oasis Hall

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Oil rises for first time in 8 days on China, US stock draw

Oil prices rose for the first time in eight days on Wednesday as positive Chinese trade data and an unexpected draw in weekly US crude oil inventories gave investors reasons to buy crude futures.   Brent crude, t

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Oil prices move away from 12-year lows

Oil prices rose more than two per cent on Friday, following China shares higher after Beijing deactivated a circuit breaker mechanism that was blamed for aggravating equity market crashes, although a persistent global crude surplus kept a lid

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